Henri Fayol, in the Early Part of the Twentieth Century

question 81

Multiple Choice

Henri Fayol, in the early part of the twentieth century proposed that all managers perform ________ functions.

• A) three
• B) four
• C) five
• D) nine

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Definitions:

Without Reducing

Refers to accomplishing or adding something without decreasing or compromising other aspects.

Consumption Tax

A tax on the spending on goods and services, often levied as a sales tax, value-added tax (VAT), or goods and services tax (GST).

Saving

entails setting aside a portion of current income for future use, either by keeping the money in cash or placing it in some form of investment.

Tax-Advantaged

Refers to investments or accounts that are given preferential tax treatment, aiming to encourage saving and investment, often with benefits like deductions, credits, or exemptions.